Morning Briefing: Intel, AWS and Microsoft developing AI to debug software code

Moomoo Breakfast US wrote a column · Jul 6, 2021 19:46

By Chloe

Good morning moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures pause after record close.
- Economic week ahead: Services, job openings, claims

Market Snapshot

Stock futures were flat on Tuesday as Wall Street gets set to kick off the holiday-shortened week with the S&P 500 at a record high.

Futures on the Dow Jones Industrial Average fell 22 points. S&P 500 futures fell 0.1% and Nasdaq 100 futures were fractionally higher. U.S. markets were closed for the July 4 Independence Day holiday on Monday.

Source: Bloomberg

Crypto
$Bitcoin (BTC.CC)$, the leading cryptocurrency, was trading at $33,813 at the time of writing, dipping 0.99% and $Ethereum (ETH.CC)$ was trading at 2,263, gaining 0.85%.

Source: moomoo

Top News

U.S. stock futures pause after record close

The S&P 500 Index was on course to open just shy of its seventh all-time closing high following the long holiday weekend.

Didi falls premarket as China's probes jolt investors

Ride-hailing giant $DiDi Global (Delisted) (DIDI.US)$ 's shares fell 22% in premarket trading, as data-security reviews into popular Chinese mobile apps.

Economy week ahead: Services, job openings, claims

Wednesday brings a gauge of how tight the labor market is.

AI's role in debugging software code is expected to grow

Intel, $Amazon (AMZN.US)$ Web Services and $Microsoft (MSFT.US)$ are offering or building artificial-intelligence-based tools that can find and fix software problems.

RBA says QE tapering to start from September

Australia's central bank said it would begin to taper its government bond-buying program from September, making the move in response to a stronger-than-expected recovery.

Investors brace for more volatility after an unusually quiet June

Traders are gearing up for a pickup in volatility following an unusually sleepy stretch for the stock market. History shows stock volatility tends to increase through the summer months as liquidity wanes.

U.S. oil prices hit six-year high amid OPEC standoff

The latest climb in crude markets came after a Saudi Arabia-backed plan to boost output and tame the price rally failed to garner agreement.

In OPEC Deadlock, U.A.E. Steps Out of Saudi Shadow

OPEC failed in its third attempt to resolve a deadlock over oil production after divisions between allies Saudi Arabia and the United Arab Emirates spilled into public and into global financial markets.

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